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Swimtech Pools Inc. (SPI) reported the following in its financial statements for the quarter ended March 31, 2018 December March 31, 31, 2017 2018 Common
Swimtech Pools Inc. (SPI) reported the following in its financial statements for the quarter ended March 31, 2018 December March 31, 31, 2017 2018 Common Stock, $1 par, 53,000 shares outstanding Additional Paid-In Capital Retained Earnings 53,000 $53,000 31,800 21,200 $106,000 $106,000 31,800 21,200 Total Stockholders' Equity During the quarter ended March 31, SPI reported Net Income of $6,890 and declared and paid cash dividends totaling $6,890 Required 1. Calculate earnings per share (EPS) and return on equity (ROE) for the quarter ended March 31 2. Assume SPI repurchases 10,300 of its common stock at a price of $2 per share on April 1, 2018. Also assume that during the quarter ended June 30, 2018, SPI reported Net Income of $6,890 and declared and paid cash dividends totaling $6,890. Calculate earnings per share (EPS) and return on equity (ROE) for the quarter ended June 30, 2018 Complete this question by entering your answers in the tabs below. Required1Required 2 Calculate earnings per share (EPS) and return on equity (ROE) for the quarter ended March 31. (Round "Earnings per Share to 2 decimal places and "Return on Equity" to 1 decimal place.) Earnings per Share Return on Equity Required Required 2> Assume SPI repurchases 10,300 of its common stock at a price of $2 per share on April 1, 2018. Also assume that during the quarter ended June 30, 2018, SPI reported Net Income of $6,890 and declared and paid cash dividends totaling $6,890 Calculate earnings per share (EPS) and return on equity (ROE) for the quarter ended June 30, 2018. (Round "Earnings per Share" to 3 decimal places and "Return on Equity" to 1 decimal place.) Show less Earnings per Share Return on Equity Renuired 2
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